By FXEmpire.com
With the news that the UK has fallen back into a double dip recession this week and news last week that Spain was back in a recession, let’s compare how the rest of the world is doing at the moment.
United States
The decision to stick with stimulating the economy looks to have worked, but the pace of recovery may be cooling.
China
The world’s No 2 economic powerhouse is growing at an enviable rate but a slowdown in could risk social unrest.
Japan
After bouncing back from last year’s Tsunami and nuclear disaster, Japanese growth has returned to a sluggish pace.
Germany
A strong manufacturing exporting base and the low value of euro means Germany remains strong.
France
The big question for France and its presidential candidates is how quickly to close the fiscal deficit.
Italy
Prime Minister Mario Monti is keen to push through labor market reforms in teeth of a recession.
Spain
Has an 8.5 % deficit and 23 per cent unemployment. Central bank has predicted a first-quarter contraction of about 0.4 per cent.
Ireland
Once austerity’s poster boy, growth petered out last year as economy foundered amid huge public spending cuts.
Switzerland
Strong Swiss franc has made exports more expensive but curbs on currency have kept the economy in growth.
Canada
Moving along impressively. Central bank recently raised its 2012 growth estimate to 2.4 per cent.
Brazil
A slowing, resource-rich superstar. Central bank has been cutting rates to boost growth.
India
Another emerging giant that’s slowing. Growth forecasts cut for 2012, reduced to 5.3 per cent, down from 6 per cent.
It seems that the BRIC nations are suffering a slowdown, which can be expected with the EU in deep recession and the US in a slow recovery. Canada seems to be a super star on its own. The big question is what to do with the eurozone.
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Originally posted here
